When you are managing a farm or agriculture business of any size, some areas may feel more daunting than others, or you quickly realize where strengths are and which avenues could benefit from outside help. That’s when it’s time to hire consultants. There is no shortage of consultants specializing in a variety of topics including… Read More
Category: Succession Planning
A large part of farm succession planning is information sharing between the generations, something Canadian Western Agribition’s (CWA) Next Gen Agriculture Mentorship Program is looking to replicate. The program is now in it’s fourth year and has recently announced this year’s group of mentors and mentees for Saskatchewan. The 18-month mentorship focuses on developing numerous… Read More
The Successors is a RealAgriculture podcast series hosted by Kara Oosterhuis focusing on agriculture from the perspective of the up-and-coming generation. How do you find your place on the farming operation? What can you do to keep the lines of communication open? What can a peer group provide to both you and your career? Fiona… Read More
The Successors is a RealAgriculture podcast series hosted by Kara Oosterhuis focusing on agriculture from the perspective of the up-and-coming generation. How can you provide mentorship to those around you? What can you do to get that succession conversation going on the farm? Why do you sometimes need to take a step back and evaluate the… Read More
I’ve been having this conversation a lot lately, as I’m sure many of you have been too — I’m not sure how we’re at the end of December already. Although the last couple of weeks have shown some true winter temperatures, it has been abnormally warm (and dry) in my area, which I’m convinced has… Read More
Bill C-208, an act to amend the Income Tax Act, received royal assent in June of 2021. The act, which governs the rules and regulations regarding the transfer of agriculture businesses between family members, was applauded by many in the farming industry. Farm business advisors and accountants might be telling farmers and ranchers that changes… Read More
One challenge that many farmers face is how to pass the reins of an operation to a successor and how to get out of the way, but not go away. Dick Wittman learned plenty of valuable lessons managing a family-operated 20,000 acre crop, cattle, and timber operation in northern Idaho. He now heads Wittman Consulting, specializing… Read More
A strong legacy component to a farming operation can often make choosing who will take over the farm a difficult decision. Renee Wiatt, family business management specialist with Purdue University’s agricultural economics department, talked succession planning with RealAg Radio host Shaun Haney, as part of Farm Management Canada’s Agricultural Excellence Conference. “Farming is a very… Read More
The Successors is a RealAgriculture podcast series hosted by Kara Oosterhuis focusing on agriculture from the perspective of the up-and-coming generation. How do you separate business from personal when you live and work with your spouse? What are some of the things you can do when you’re the newcomer into an operation? Why is planning… Read More
Change is everywhere in farming and often everything seems to be in flux, whether it’s markets, trade relationships, weather, or family relationships. Depending on the circumstances, farmers react differently to change says Heather Watson, executive director at Farm Management Canada (FMC). “Some people see that as unwelcome and unnerving; others see it as an opportunity… Read More